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Can you be held responsible for credit card debt when you do not receive enough money to pay them on fixed income?
Wiki User
∙ 14y ago
Yes. You must not purchase items on credit if you can't afford to pay for them.
Wiki User
∙ 14y ago
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Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
Can you receive tax refund if you have no income?
no you may not If you have no earned income, you would not qualify for the earned income credit.
Can you receive child tax credit if you did not work?
No. You have to have qualified earned income worked for. Self employment income that you worked for.
Can another person's income be added to auto financing?
If they co sign, their income and credit is used. they are also responsible for the loan.
Can a spouse be required to co-sign under the Equal Credit Opportunity Act?
It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.
Can a business owner who gets a felony conviction get the tax credit for the income he makes after he is released?
Yes he will get a tax credit for the income he makes after he is released. You just can't receive this while you are incarcerated.
What is the average expected credit score to receive a mortgage loan?
There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.
What does a person need in order to cosign for a mortgage loan?
They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.
How much do you have to earn in order to receive the child tax credit?
The credit reduces your taxable income by up to $1,000 per qualifying child, so your income must be at least as much as the amount of the credit you claim. Otherwise, there is no income for the credit to reduce. If you make less than the amount of the Child Tax Credit, you may still qualify for the Additional Child Tax Credit.
How can one receive a credit card from Citi?
To receive a credit card from Citibank you must fill out an application and be approved. Applications can be done at a Citibank location or online via their website. The most common factors affecting approval are your income and credit score.
Is it possible to receive more money in a return than you paid in?
If you are asking about a Federal Income Tax return---Yes, you can receive a larger refund than what you paid in. If your income is low and you have children, you may be eligible for Earned Income Credit and Child Tax Credit, along with several others. These will sometimes enlarge your refund to more than you paid.
How much income can you have to receive the tax credit?
There are many different types of tax credits each of which has its own rules.
